ACWA Power to launch $4.5 billion in local project tenders

Saudi’s ACWA Power, a global power plant developer with an investment value of over $33 billion, has indicated it will soon open tenders for 2018 projects worth $4.5 billion in Saudi Arabia, Morocco and the United Arab Emirates. ACWA Power is also advancing talks with shortlisted banks as it prepares for an initial public offering (IPO).